Tuesday, 30 August 2016
Clayton Office and Warehouse Property Leased (www.afr.com)
Melbourne Metro Trains and Lendlease has leased 24,065m² of office and warehouse space for 3 years at 610 Heatherton Road, Clayton for $108/m² Gross p.a.
Dandenong South Office Building Sold (www.smh.com.au)
IOOF Investment Management has acquired a 4-level office building at 45 Assembly Drive, Dandenong South for $20.75 million ($4,682/m² of NLA), reflecting a yield of 7%.
The building comprises 4,432m² of NLA and occupies a 9,548m² land area.
IOOF has plans to develop a second commercial building on the vacant balance of the land.